DYAI vs SPY: Correlation
Dyadic International, Inc. (DYAI) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DYAI and SPY?
Over the past 3 years, DYAI and SPY moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 242.3 %².
Among the 10 assets we track against DYAI, SPY sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with SPY ahead by 51.9 points (-31.3% versus +20.6%). Risk is not evenly split, since DYAI carries 5.2 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DYAI vs SPY: side by side
| DYAI (Dyadic International, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | -31.3% | +20.6% |
| 5-year return | -90.1% | +82.4% |
| Volatility (ann.) | 74.7% | 14.5% |
| Beta vs S&P 500 | 1.16 | 1.00 |
| Max drawdown (3Y) | -71.8% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | DYAI | SPY |
|---|---|---|
| 2022 | -72.8% | -18.2% |
| 2023 | +30.9% | +26.2% |
| 2024 | +8.7% | +24.9% |
| 2025 | -46.3% | +17.7% |
| 2026 | -32.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DYAI and SPY good diversifiers for each other?
Reasonably. At 0.22, DYAI and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DYAI and SPY?
As of 2026-08-27, the correlation of weekly returns between DYAI and SPY is 0.22 over 3 years, 0.30 over 1 year and 0.26 over 5 years.
Is SPY a good diversifier for DYAI?
Reasonably. At 0.22, DYAI and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: DYAI correlations · SPY correlations
